125 Watson StDanville, VA 24541

Property Details for 125 Watson St

Year built

1918

Construction

CONCRETE BLOCKS

Lot size

0.22 AC

Property size (Sq ft)

3,622 SF

Zone code

NEIGHBORHOOD RETAIL COMME

Property type

Medical offices

Property subtype

Medical centers

APN

21454

APU

21454

Description

This exceptional two-level medical office building in Danville, Virginia, is offered at $400,000. Located at 125 Watson St, zip code 24541, this property boasts a convenient location and ample parking (Parcel 21104). The building is zoned NC Neighborhood Commercial, offering versatility for various uses beyond medical practices. The upper level features a reception area, three offices, five exam rooms, a breakroom, a lab, four restrooms, and storage space. The lower level provides a large open reception area, one office, nine exam rooms, a breakroom, two restrooms, and substantial storage. The building includes an elevator, although it currently requires servicing and inspection by a qualified technician and is not operational. This presents a unique opportunity for an investor or medical professional seeking a well-appointed space with significant potential. The property's layout and features make it ideal for a variety of healthcare providers or businesses requiring multiple examination rooms and ample space. The convenient location and zoning flexibility add to its overall appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $541,400

  6.5%

  $499,754

  7%

  $464,057

• Comparable approach

  Method

  Valuation

  Relative Method

  $831,394

  Geo Method

  $831,394

• Alternative Use

  Use

  Valuation

  Residential

  $619,695

  Hospitality

  $567,637

  Educational

  $472,268

  Medical

  $488,510

  Retail

  $734,639

Location Insight

City

Danville

County

Danville City

State

Virginia

Latitude

36.5741

Longitude

-79.4063

CBSA code

19260

CBSA name

DANVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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